Prime Minister attends IPEF discussion kick-off ceremony

Prime Minister Pham Minh Chinh speaks – Photo: Duong Giang/VNA

Attending the event were Japanese Prime Minister Kishida Fumio, Indian Prime Minister Narendra Modi, US President Joseph Biden, South Korean President Yoon Suk Yeol, New Zealand Prime Minister Jacinda Ardern, Thai Prime Minister Prayut Chan-o – father, Prime Minister of Singapore Lee Hsien Loong, economic ministers of Brunei, Indonesia, Malaysia, the Philippines and leaders of the Australian Department of Foreign Affairs.

Invite interested countries to participate

The leaders shared a vision of an open, inclusive, equitable, rules-based, connected, resilient, secure, and prosperous Asia-Pacific region, with potential. Sustainable and inclusive economic growth is the driving force for the global economy, upholding the central role of ASEAN.

The leaders also emphasized the urgency of working closely to ensure economic recovery and development on an adaptive, sustainable and inclusive basis. At the same time, affirming the importance of improving economic competitiveness, transparency and anti-corruption, cooperation, maintaining essential supply chains, promoting economic growth, creating jobs and opening expand economic opportunities for people.

The Leaders agreed to start the discussion on IPEF and stand ready to invite countries in the region of interest to participate in the hope that this cooperation framework will help their economies increase resilience, especially during the post-pandemic recovery. Thereby enhancing competitiveness, adaptability, sustainability, inclusivity, contributing to cooperation, stability, prosperity, development and peace of the region, for the practical benefit of the people.

4 main pillars

Discussions in the coming time will focus on four pillars: (i) trade; (ii) supply chain; (iii) clean energy, decarbonization and infrastructure; (iv) taxation and anti-corruption.

Speaking at the announcement ceremony to kick off the IPEF discussion, Prime Minister Pham Minh Chinh emphasized the need to adjust the growth model and economic linkage towards a more sustainable, more self-sustaining, and maximized development. multiple internal forces, combined with optimization of external forces; uphold multilateralism and strengthen international solidarity on the basis of sincerity, trust and responsibility.

This event will kick-start and promote countries to work together to actively exchange, seriously discuss, and join hands to deal with important regional and global issues such as diversity and supply chain sustainability, innovation and innovation. new technology, digital transformation, e-commerce, combating climate change, emission reduction, green development, tax issues and anti-corruption, negative…

The Prime Minister affirmed that Vietnam is steadfast in its policy and is promoting the building of an independent and self-reliant economy associated with proactive and active international integration, which is extensive, substantive and effective. Vietnam also participates in many international economic integration initiatives, actively contributing responsibly to joint efforts to accelerate economic recovery and sustainable development in the region and around the world.

The Prime Minister said that in the process of discussing IPEF, it is necessary to aim at a cooperation framework that brings practical benefits to the people. This needs to be an open, inclusive, balanced process, in line with international law, and responsive to the legitimate and legitimate interests of stakeholders.

Vietnam will work with ASEAN countries and relevant partners to continue discussing and clarifying the content of cooperation pillars, bringing a positive, effective and feasible economic agenda to the region. and for each country; for peace, stability, cooperation, development and prosperity in the region and around the world.

After the announcement ceremony to kick off the IPEF discussion, the economic ministers of the countries will meet to discuss the implementation plan in the near future.